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Arvind Ltd. Interim / Quarterly Report 2021
59174_rns_2021-08-05_fd00cd26-4695-4706-8962-1a89b2ec82a5.pdf
Interim / Quarterly Report
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1 ArVIOD
www.arvind.com
August 5, 2021
BSE Ltd. Listing Dept. I Dept. of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001
Security Code : 500 101 Security ID : ARVIND
National Stock Exchange of India Ltd. Listing Dept., Exchange Plaza, 5th Floor Plot No. C/1, G. Block Bandra-Kurla Complex Bandra (E) Mumbai - 400 051
Symbol : ARVIND
Dear Sir I Madam,
Sub: Outcome of the Meeting of the Board of Directors held on 301 hJune 2021
Ref.: Regulations 30, 33 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the following:
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- Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June 2021 approved by the Board of Directors of the Company at their meeting held today along with Limited Review Reports by the Deloitte Haskins & Sells LLP, Statutory Auditors of the Company, for the said quarter.
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- A copy of the press release being issued by the Company in respect of unaudited financial results for the quarter ended 30th June 2021.
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- Investor Presentation for Ql issued in this regard.
The meeting of the Board of Directors of the Company commenced at 11:30 a.m. and concluded at 12.. :.45 p.m.
You are requested to bring this to the notice of all concerned.
Thanking You,
Encl : As above
Arvlnd Limited. Naroda Road, Ahmedabad. 380 025, India Tel.: +91 79 68268000 CIN: L 17119GJ1931 PLC000093
PRESS RELEASE
Arvind Limited strong results for Q1 FY22
Ahmedabad, 5 th August 2021: Arvind Limited has declared its financial results for the first quarter of FY 2022.
- Q1 revenues stood at ₹ 1439 crores and EBITDA at ₹104 crores
- EBITDA margin was 7.2% compared to -4.8% last year
- Strong Export demand and continuing momentum towards an overall robust Q2
- Advance Material Business to grow at 25% for current FY
- Debt expected to further reduce during the year.
Performance Highlights
Denim volumes grew 2.8x on YoY basis; Woven volumes 3.3x and Garment volumes 1.8x. EBITDA margins in Textiles stood at 8.9%. Input costs continued to increase sharply, but were partially offset by improved price realization and higher efficiencies. Textile performance was relatively strong given the impact of wave 2, both in domestic markets as well as factory closures that impacted supply side.
Advanced Materials, delivered a robust quarter, and revenues stood at INR 193 crores. EBITDA for AMD for the quarter was 13%.
About Arvind Limited
Arvind Limited is one of the largest textile companies in India with revenues of USD 1.0 billion. The company is end-to-end supply chain partner to the world's leading fashion brands.
For more information, please contact:
Khantil Shah
Mobile: 9920083282